Market Movement Mysteries - Coin Community Forum

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Author	Replies: 4 / Views: 1,442
howell1018 Pillar of the Community United States 731 Posts	Posted 11/23/2016 12:47 pm Every time gold rises or falls more than $10 I start looking at the news expecting to see something dramatic has occurred to explain the change, but rarely do I see something obvious. Today the price of gold is down $20, yet I don't see anything overt to explain it. Anyone else ever deal with this? Know of a good site that analyzes market conditions? Report this Post to the Staff

beem Pillar of the Community United States 574 Posts	Posted 11/23/2016 5:05 pm This will explain it... https://www.bloomberg.com/quote/DXY:CUR Report this Post to the Staff
howell1018 Pillar of the Community United States 731 Posts	Posted 11/23/2016 5:36 pm Stronger dollar = Lower Gold Prices Report this Post to the Staff
Alpha2814 Pillar of the Community United States 2023 Posts	Posted 11/23/2016 5:42 pm That Bloomberg page only tracks the US Dollar, doesn't say much about gold's movement. However, the two can be related, to a point -- check out http://www.kitco.com/kitco-gold-index.html for a breakdown on how much of gold's price change is due to the dollar itself, versus other market activity (albeit not very specifically). For example, today's "down 24.40" is, they claim, a 7.80 decrease due to the stronger dollar, and 16.40 due to "predominant sellers" (whatever that means). Edited by Alpha2814 11/23/2016 5:42 pm Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 11/23/2016 9:05 pm "The Indian Bullion & Jewellers Association has informed its members that they are hearing from certain circles of a potential ban on gold imports," Arora said, adding that social media in Asia is "abuzz with these rumors." http://www.kitco.com/news/2016-11-2...Fiction.html Report this Post to the Staff
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